The world in 2018, by the Economist
World's two biggest economies duke it out
The U.S. and China started a trade war, the world's worst such dispute in decades. America imposed tariffs on $250 billion worth of Chinese products; China responded with tariffs of its own. America also slapped duties on steel imports from Europe, Canada, Mexico and elsewhere, infuriating its allies. Donald Trump intervened on national-security grounds to scupper a $117 billion bid from Broadcom, a chipmaker with ties to Southeast Asia, for Qualcomm. It would have been the biggest-ever tech merger. There was one de-escalation: The U.S., Canada and Mexico struck a deal to update NAFTA.
In another dysfunctional year at the White House, Rex Tillerson was sacked as secretary of state, as was Jeff Sessions as attorney general, both after the president had publicly undermined them. Jim Mattis quit as secretary of defense. The investigation by Robert Mueller, the special counsel, into Russian influence in U.S. elections rumbled on, laying charges against some of Trump's former aides. A voter backlash against Trump propelled the Democrats to win the House of Representatives in the midterms, though the Republicans increased their majority in the Senate.
The messy spectacle of Brett Kavanaugh's confirmation hearings to the Supreme Court polarized U.S. politics even further.
After a year of tortuous Brexit negotiations, Theresa May and the European Commission agreed on a deal for Britain's withdrawal from the European Union, but Britain's Parliament has not approved the agreement.
Facebook came under intense pressure to rein in fake news and protect user data. The revelation that Cambridge Analytica, a political consultancy that had worked on Donald Trump's campaign in 2016, had obtained information on 87 million Facebook users through a third-party app shook the company to its core.
A large number of prominent chief executives left their jobs or announced their departures. The list includes Vittorio Colao at Vodafone, Indra Nooyi at PepsiCo, Paul Polman at Unilever, Martin Sorrell at WPP and Dieter Zetsche at Daimler. John Flannery was ousted at General Electric, as was John Cryan at Deutsche Bank. Carlos Ghosn was dismissed from Nissan for alleged misdeeds. The carmaking industry lost another giant with the death of Sergio Marchionne, Fiat Chrysler's boss.
Elon Musk stood down as Tesla's chairman, but remains chief executive, after tweeting that he intended to take the company private, a move that fell foul of regulators. The electric-car maker at last hit its production targets.
The world watched as 12 boys and their soccer coach trapped in a flooded cave in Thailand were rescued in a complex operation involving thousands of people.